Double and Harmonic Pattern made by gold, and currently price has been rejected to go up forward by the resistance.
I believe gold is on strong bearish now. In anyways, this is not a signal, it is my personal idea which could be wrong; pls tell me if you think this is your thinking and gold should go against me!!
There is good opportunity to buy long for NZD against JPY, and RSI looks oversold; the combination of the rsi and the harmonic pattern shaped by the price, could it be a good opportunity to buy the market? well, let us see what happens in the next movement.
In anyways, wish you all a happy trading
Since CADJPY Completed in my previous prediction, I feel like it is time to fall down and going short on this pair is good idea for now; I could be wrong and please don't take this a trade investment tip, it my own thinking and could be a heads-up for your future analysis on it.
USOIL is now held by a broken support line that has turned into a resistance, and the price bounced back from a Fibonacci level and it could be its way down next target, you can go on a short once the candle closes below the the resistance line and good luck for that.
I believe that gold is going to retest the resistance line which is around 1322 and then if does not break the resistance line and goes upwards, the next movement (could) be to go on a bearish side and test the support line of around 1285.
N.B This is just an idea; it is not a trade signal or an investment plan, if you have different idea then...
AUDCAD is making an inverted Head and Shoulders, and it has broken the resistance, may be the best chance to go long is to wait the retest of the broken resistance and then buy it when it bounces off. the target area could be the next resistance.
Anyways, this is neither a trade signal nor an investment plan, it is just an idea that I have seen in...